NSE to expand in Mumbai’s BKC; allotted additional plot for Rs 758 crore

NSE Secures ₹757.90 Cr BKC Plot for Major Expansion.

Expert Analysis:

• Land Allocation Approval: MMRDA granted post-facto approval to allocate Plot C-82 in G Block to NSE for a new administrative building.

• Lease Details & Purpose: The 80-year lease, with a premium of Rs 757.90 crore, fulfills NSE’s October 2024 request for 4–5 lakh sq ft of additional space.

• Government Approval: The Offer letter was issued on March 7 after approval from Dy CM Eknath Shinde, supporting BKC’s growth as a financial hub.

• Approval & Issuance: NSE received the offer letter for Plot C-82 on March 7 after approval from Deputy CM Eknath Shinde to boost BKC.

• Plot Specifications: The 5,500 sq m plot allows 4.00 FSI with 22,000 sq m buildable area; additional FSI can be availed by paying a premium.

• Operational Impact: MMRDA Commissioner Dr. Sanjay Mukherjee stated the allocation will boost NSE’s operational capacity and strengthen BKC’s commercial ecosystem.